Can a foreigner own 100% of a Singapore company?
Yes. Singapore allows full foreign ownership of a private limited company with no local shareholding requirement. The constraint sits on the board rather than the cap table: you need at least one director who is ordinarily resident in Singapore — a citizen, permanent resident, or holder of an eligible pass. Founders without a local counterpart typically use a nominee director service to satisfy this.
How long does incorporation in Singapore take?
Frequently one to three working days. Name approval through BizFile+ is often granted within an hour, and incorporation follows immediately once directors and the company secretary are in place. Applications that need referral to another government agency — because of a regulated activity or a sensitive name — can take a few weeks instead.
What is the corporate tax rate in Singapore?
A flat 17% on chargeable income. The effective rate is usually lower, because of partial tax exemption on the first S$200,000 of chargeable income and a separate start-up tax exemption available to qualifying new companies for their first three years of assessment. Singapore also operates a single-tier system, so dividends paid to shareholders are not taxed again.
When does my Singapore company need to register for GST?
Registration is compulsory once taxable turnover exceeds S$1 million over a 12-month period, or when you reasonably expect to cross it. The current rate is 9%. Voluntary registration below the threshold is possible and lets you claim input tax, but it commits you to staying registered for at least two years.
Do I need a company secretary in Singapore?
Yes, and this is not optional. Every Singapore company must appoint a qualified company secretary within six months of incorporation, and the role cannot be filled by the sole director. The secretary is responsible for statutory registers, board and shareholder meeting formalities, and ACRA filing deadlines.